Matador Resources closes Paloma Permian acquisition for USD 1.26 billion
Bitget2026/10/05 11:37Matador Resources closed its cash acquisition of Paloma Permian from EnCap Investments for USD 1.255 billion, subject to post-closing adjustments. Deal adds about 16,500 net primarily undeveloped acres in Eddy and Lea counties, New Mexico, most held by production. Portfolio includes more than 156 net drilling locations normalized to two-mile laterals, spanning nine targeted benches. Matador expects drilling on up to 25 Paloma-related wells by year-end 2027; 59 drilling permits were already in place. Matador expects to repay about USD 350-400 million on its reserves-based lending credit facility in the fourth quarter. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Matador Resources Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001520006-26-000050), on October 05, 2026, and is solely responsible for the information contained therein.
- Matador Resources closed its cash acquisition of Paloma Permian from EnCap Investments for USD 1.255 billion, subject to post-closing adjustments.
- Deal adds about 16,500 net primarily undeveloped acres in Eddy and Lea counties, New Mexico, most held by production.
- Portfolio includes more than 156 net drilling locations normalized to two-mile laterals, spanning nine targeted benches.
- Matador expects drilling on up to 25 Paloma-related wells by year-end 2027; 59 drilling permits were already in place.
- Matador expects to repay about USD 350-400 million on its reserves-based lending credit facility in the fourth quarter.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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